It was one of the biggest hedge fund launches Asia had ever seen back in April. And it seems the excitement has osmosed across the investment community with news that Morgan Sze’s Azentus Capital Management has surpassed USD2billion in AUM and closed the fund to new investment reported HFMWeek. The Azentus Global Opportunities Fund, a multi-strategy vehicle, launched with USD1.06billion on 1 April. Its assets now stand at USD2.03billion according to people familiar with the matter. Some commentators have questioned how well multi-billion Asian funds can perform given the relatively shallow nature of Asia’s capital markets. The Azentus fund’s regular 2/20 share class returned 0.43 per cent in August: by comparison Asia ex-Japan hedge funds fell -4.94 per cent according to Eurekahedge.